Novell (NOVL) Announces $100M Buyback
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Novell, Inc. (Nasdaq: NOVL) today announced that its Board has approved the repurchase of up to $100 million of the Company's outstanding shares of common stock.
Repurchases may be made in the open market, through Rule 10b5-1 arrangements, or in privately negotiated transactions, including through block trades and the use of derivative securities, or otherwise. The manner, timing and amount of any repurchases will be determined by the Company's management. There is no fixed termination date for the repurchase program.
Novell, Inc. engages in the development, implementation, and support of mixed source and open source software for use in business solutions. [BCS]
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